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On January 1 , 2 0 2 3 , QuickPort Company acquired 9 0 percent of the outstanding voting stock of NetSpeed, Incorporated, for $
On January QuickPort Company acquired percent of the outstanding voting stock of NetSpeed, Incorporated, for $ in cash and stock options. At the acquisition date, NetSpeed had common stock of $ and Retalned Earnings of $ The acquisitiondate fair value of the percent noncontrolling interest was $ QulckPort attributed the $ excess of NetSpeed's fair value over book value to a database with a fiveyear remaining life.
During the next two years, NetSpeed reported the following:
tableItemsNet Income,tableDividendsDeclared$$
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